1st Source (SRCE) Projected to Post Earnings on Thursday

1st Source (NASDAQ:SRCE - Get Free Report) is expected to post its Q2 2025 quarterly earnings results after the market closes on Thursday, July 24th. Analysts expect 1st Source to post earnings of $1.48 per share and revenue of $104.67 million for the quarter.

1st Source (NASDAQ:SRCE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.16. The business had revenue of $104.04 million during the quarter, compared to the consensus estimate of $100.97 million. 1st Source had a net margin of 24.17% and a return on equity of 12.26%. On average, analysts expect 1st Source to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

1st Source Stock Down 0.7%

SRCE traded down $0.48 during mid-day trading on Friday, reaching $63.55. 56,618 shares of the stock were exchanged, compared to its average volume of 89,125. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $1.56 billion, a PE ratio of 11.17 and a beta of 0.68. The company has a 50 day moving average price of $62.00 and a two-hundred day moving average price of $60.83. 1st Source has a 1 year low of $52.14 and a 1 year high of $68.13.

1st Source Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Monday, May 5th. This is a boost from 1st Source's previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 2.39%. 1st Source's dividend payout ratio is currently 26.71%.

Institutional Trading of 1st Source

A number of large investors have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 1st Source by 29.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 33,052 shares of the financial services provider's stock valued at $1,977,000 after purchasing an additional 7,456 shares during the last quarter. Millennium Management LLC grew its position in 1st Source by 18.9% in the 1st quarter. Millennium Management LLC now owns 242,466 shares of the financial services provider's stock valued at $14,502,000 after acquiring an additional 38,610 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in 1st Source by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,911 shares of the financial services provider's stock valued at $653,000 after acquiring an additional 467 shares during the last quarter. Institutional investors own 74.45% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Piper Sandler increased their price objective on 1st Source from $72.50 to $75.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Weiss Ratings reiterated a "buy (b)" rating on shares of 1st Source in a report on Saturday, July 12th.

1st Source Company Profile

1st Source Corporation operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients. Its consumer banking services include checking and savings accounts; certificates of deposit; individual retirement accounts; online and mobile banking products; consumer loans, real estate mortgage loans, and home equity lines of credit; and financial planning, financial literacy, and other consultative services, as well as debit and credit cards.